“The greatest shortcoming of the human race is our inability to understand exponential growth.” —Albert Bartlett, a physicist On Friday, I drove an hour north to pick up my boys from college for winter break. When I arrived, they were still packing. Amazed by how much stuff they were bringing…
“It is the city of mirrors, the city of mirages, at once solid and liquid, at once air and stone.” —Erica Jong There’s a lot of news about Trump vs. the Deep State. Last week, the following articles posted: There Really Is a Deep State (the Atlantic), Trump’s ‘Deep State’…
“I can do things you cannot, you can do things I cannot; together we can do great things.” —Mother Teresa The BRICS summit in Kazan, Russia, was a success. It was by far the largest event that Russia has hosted in years, attended by more than two dozen nations, including…
There are so many things happening right now, I don’t know how much I’ll be able to cover in this post, but let’s begin with the most fundamental principle in international law: Pacta Sunt Servanda. It’s Latin for “agreements must be kept,” which is one of the oldest moral and…
Less than a week after I was born, Nixon ended the Bretton Woods International Monetary System, whereby the dollar was backed by gold. Watch his speech televised on August 15, 1971, or read it here. Otherwise referred to as the “Nixon Shock Speech” or the “Bretton Woods Speech,” Nixon outlined…
“A government big enough to give you everything you want is a government big enough to take from you everything you have.” —Gerald R. Ford Last week, I opened my brokerage account and found one of my larger stock holdings down over 95 percent. I tried furiously to buy a…
“The world consists of Yin and Yang, and understanding this is crucial for anyone seeking to navigate life’s complexities.” Life is complicated. It seems that just when we think we’ve figured something out, the game changes. In Marketland, this usually starts with recency bias: a form of cognitive reasoning that…
“Old Heraclitus, who was indeed a very great sage, discovered the most marvelous of all psychological laws: the regulative function of opposites. He called it enantiodromia, a running contrariwise, by which he meant that sooner or later everything runs into its opposite.” –Carl Jung There’s nothing more fun than discovering!…
“It ain’t what you know that gets you into trouble. It’s what you know for sure that just ain’t so.” —Mark Twain When I went to visit my grandma as a young teenager, I remember showing off what I thought were my amazing superwoman skills. If you think I do…
The global monetary system is a big blobby glob of sticky goo that somehow keeps on slugging along through endless waste and war. But stop what you’re doing and listen. Chirp, chirp, chirp…peep, peep, peep…chitter, chitter, twitter, twitter, TWEET! On April 30, Fortune published an article: Why Japan’s currency is…
“Outstanding, sophisticated, and mesmerizing…a spiritual intrigue similar to Dan Brown’s The Da Vinci Code.” —ForeWord Reviews
